YEARLY HIGH
0.6833 GYD
YEARLY LOW
0.5629 GYD
YEARLY AVERAGE
0.6243 GYD

2017 NGN to GYD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.6833. Conversely, the yearly low was recorded on August 13, dropping to 0.5629.

This high-to-low spread represents a total annual volatility of 0.1203 GYD. From a start-to-finish perspective, comparing the January average rate of 0.6626 to the December average rate of 0.5750, the exchange rate registered a net change of -13.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.6833 was down 34.34% compared to the 2016 peak of 1.0407, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 683,251 GYD
2016 Average 839,750 GYD
Yearly Trough Low 562,938 GYD
Transaction Impact: A difference of 120,312.67 GYD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.6713
0.5663
JanuMarcMayJulySeptNove

NGN to GYD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.6577, compared to 0.5909 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0668 points.

H1 Avg (Jan–Jun) 0.6577
H2 Avg (Jul–Dec) 0.5909

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0948 GYD (High: 0.6577 / Low: 0.5629). On the other end, December was the most stable month, with a tight range of 0.0075 GYD (High: 0.5795 / Low: 0.5720).

August Spread (Volatile) ±0.0948
December Spread (Stable) ±0.0075

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0733 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0733

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.6626) against the same month in 2016 (average: 1.0356), the exchange rate shifted by -0.3730 (-36.02%).

2017 Avg (January) 0.6626
2016 Avg (January) 1.0356

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.6833 0.6504 0.6626
February 0.6793 0.6505 0.6575
March 0.6786 0.6476 0.6614
April 0.6774 0.6498 0.6592
May 0.6618 0.6354 0.6532
June 0.6645 0.5924 0.6526
July 0.6788 0.5940 0.6550
August 0.6577 0.5629 0.5816
September 0.5902 0.5745 0.5795
October 0.5819 0.5721 0.5775
November 0.5847 0.5692 0.5770
December 0.5795 0.5720 0.5750